First Solar, Inc. (FSLR)
NASDAQ: FSLR · Real-Time Price · USD
171.39
-0.91 (-0.53%)
At close: Nov 13, 2026, 4:00 PM EST
170.25
-1.14 (-0.67%)
After-hours: Nov 13, 2026, 5:41 PM EST
First Solar Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 1,861 | 1,528 | 1,292 | 830.78 | -44.17 | 468.69 |
Depreciation & Amortization | 591.95 | 529.22 | 423.5 | 307.99 | 269.72 | 259.9 |
Loss (Gain) From Sale of Assets | - | - | -1.12 | -6.88 | -253.51 | -147.28 |
Asset Writedown & Restructuring Costs | - | - | - | - | 63.34 | 22.88 |
Loss (Gain) From Sale of Investments | - | - | - | - | - | -11.7 |
Stock-Based Compensation | 25.41 | 19.22 | 28.1 | 34.22 | 28.66 | 20.9 |
Other Operating Activities | 12.82 | 69.84 | -41.41 | -37.18 | -189.31 | -39.13 |
Change in Accounts Receivable | -63.39 | 30.62 | -505.34 | -304.18 | 118.72 | -96.95 |
Change in Inventory | 29.4 | 377.72 | -276.81 | -205.11 | 16.69 | -136.37 |
Change in Accounts Payable | 21.66 | 4.68 | 268.73 | 79.33 | 5.57 | 48.97 |
Change in Unearned Revenue | -673.54 | -189.92 | 0.7 | 783.21 | 912.95 | 47.06 |
Change in Income Taxes | 69.58 | -31.81 | 47.42 | 8.66 | 43.59 | -13.06 |
Change in Other Net Operating Assets | -1,036 | -280.69 | -17.83 | -888.57 | -98.89 | -186.36 |
Operating Cash Flow | 839.18 | 2,057 | 1,218 | 602.26 | 873.37 | 237.56 |
Operating Cash Flow Growth | -48.40% | 68.89% | 102.24% | -31.04% | 267.64% | 539.98% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -606.39 | -869.88 | -1,526 | -1,387 | -903.61 | -540.29 |
Cash Acquisitions | - | - | - | -35.74 | - | - |
Divestitures | - | - | - | 7.68 | 442.3 | 300.5 |
Investment in Securities | -3.37 | 113.1 | -24.24 | 951.09 | -728.22 | 147.46 |
Other Investing Activities | -5.54 | -8.39 | -12.99 | -9.05 | -3.05 | -6.71 |
Investing Cash Flow | -615.3 | -765.17 | -1,563 | -472.79 | -1,193 | -99.04 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 857.79 | 258.46 | 367.98 | 397.38 | 129.22 |
Total Debt Issued | 401.38 | 857.79 | 258.46 | 367.98 | 397.38 | 129.22 |
Long-Term Debt Repaid | - | -960.69 | -205.82 | - | -75.9 | -72.68 |
Total Debt Repaid | -1,037 | -960.69 | -205.82 | - | -75.9 | -72.68 |
Net Debt Issued (Repaid) | -635.5 | -102.89 | 52.64 | 367.98 | 321.48 | 56.54 |
Repurchase of Common Stock | -0.99 | -15.53 | -20.18 | -31.13 | -12.09 | -15.99 |
Other Financing Activities | -1.16 | -0.81 | -7.61 | - | - | - |
Financing Cash Flow | -637.65 | -119.23 | 24.85 | 336.85 | 309.39 | 40.55 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 4.75 | 3.1 | -6.39 | 5.29 | 47.44 | 3.17 |
Net Cash Flow | -409.02 | 1,176 | -326.85 | 471.61 | 37.63 | 182.24 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 232.79 | 1,187 | -308.08 | -784.52 | -30.24 | -302.73 |
Free Cash Flow Growth | -62.12% | - | - | - | - | - |
Free Cash Flow Margin | 4.64% | 22.75% | -7.32% | -23.64% | -1.15% | -10.36% |
Free Cash Flow Per Share | 2.16 | 11.04 | -2.87 | -7.31 | -0.28 | -2.83 |
Levered Free Cash Flow | 687.75 | 963.92 | -363.26 | -1,647 | -317.92 | -172.4 |
Unlevered Free Cash Flow | 704.55 | 991.51 | -338.97 | -1,639 | -310.28 | -164.21 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 34.6 | 34.6 | 36.2 | 15 | 11.6 | 12.7 |
Cash Income Tax Paid | 43.16 | 43.16 | 94.2 | 90.9 | -3.9 | 38.2 |
Change in Working Capital | -1,652 | -89.41 | -483.12 | -526.66 | 998.64 | -336.71 |